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Volume 13 Fall 2003 Number 3
NORTH CAROLINA
APPRAISAL BOARD
APPRAISEREPORT
1
Continued on page 2
G o v e r n o r
Michael F. Easley
has appointed Earl
M. Worsley, Jr. to
the North Carolina
Appraisal Board for
a term which
expires June 30,
2006. Mr. Worsley
was administered
the Oath of Office by Superior Court
Judge Abraham Penn Jones at a swearing
in ceremony held at the Board’s office on
October 14, 2003. Mr. Worsley is a state-certified
general appraiser and holds the
professional designation of M. A. I. from
the Appraisal Institute. Mr. Worsley is a
North Carolina real estate broker with the
CRE designation and has been active in
the National Association of Realtors
through its local Board in Wilmington.
He is a native of Pitt County and a gradu-ate
of East Carolina University.
Mr. Worsley began his professional
career as a staff member in the United
States Congress and began his career in
real estate in 1979 in Wilmington. After
many years of working for various firms
and in a partnership, Mr. Worsley formed
the Worsley Real Estate Company in
1995 to concentrate as an advisor and
consultant in various real estate ventures.
Mr. Worsley has many years of experi-ence
in real estate appraisal, brokerage
Worsley Appointed to Appraisal Board
Staff Update
Jill A. Bryan has
been employed by
the Board as Legal
Counsel. Ms. Bryan
obtained a Bachelor
of Arts Degree from
the University of
North Carolina and
obtained her law
degree from Wake
Forest University Law School.
Before becoming legal counsel of the
Board, Ms. Bryan was an Assistant Chief
Appeals Referee with the North Carolina
Employment Security Commission. In
this position Ms. Bryan trained appeals
referees and hearing officers and also
conducted hearings for the Employment
Security Commission. Ms. Bryan has
represented the Pesticide Section of the
Department of Agriculture and served as
Earl M. Worsley, Jr.
Jill A. Bryan
and also in real estate investment and
development. He currently serves on the
Board of Directors of the North Carolina
Chapter of the Appraisal Institute and is
also currently vice- chairman of the North
Carolina/ South Carolina Chapter of the
Counselors of Real Estate. Mr. Worsley
also formed Worsley Investment and
Development, LLC and is very active in
the investment and development of real
estate in eastern North Carolina.
Mr. Worsley is married to Charlotte
Wilson Moseley and they have one son,
William Earl Worsley. The Worsley’s
make their home in Wrightsville Beach
and are active in various community orga-nizations.
Humphries Promoted to Executive
Director
The Appraisal
Board has pro-moted
Philip W.
Humphries from
Deputy Director to
the position of
Executive Director.
Mr. Humphries was
employed in
October 2001 as a
Deputy Director and
has over 30 years of appraisal experience,
all of which was obtained working in
North Carolina. He graduated from
Campbell University with a Bachelor’s
Degree in Business Administration and
has been a state- certified general apprais-er
since 1991.
Before becoming a member of the
Board staff, Mr. Humphries was
employed by the North Carolina
Department of Transportation for over 33
years. He worked as a staff appraiser,
review appraiser, area supervising
appraiser and state appraiser. He has a
great deal of experience in the appraisal
of all types of real estate.
Mr. Humphries is one of the few indi-viduals
who has received the distin-guished
award of the Order of the Long
Leaf Pine from two different governors.
This award was presented to Mr.
Humphries by Governor James B. Hunt,
Jr. in December of 1984 and by Governor
Michael F. Easley in October 2001.
Mr. Humphries is a native of Wake
County and he and his wife Margaret live
in Raleigh.
Philip W.
Humphries
2
Published as a service to appraisers to promote a
better understanding of the Law, Rules and
Regulations, and proficiency in ethical appraisal
practice. The articles published herein shall not be
reprinted or reproduced in any other publication,
without specific reference being made to their origi-nal
publication in the North Carolina Appraisal
Board Appraisereport.
NORTH CAROLINA
APPRAISAL BOARD
Mailing Address:
P. O. Box 20500
Raleigh, North Carolina 27619- 0500
Street Address:
3900 Barrett Drive, Suite 101
Raleigh, North Carolina 27609
Phone: 919/ 420- 7920
Fax: 919/ 420- 7925
Website:
www. ncappraisalboard. org
Email Address:
ncab@ ncab. org
Michael F. Easley, Governor
APPRAISAL BOARD MEMBERS
J. Vance Thompson
Chairman .................................................... Elkin
Henry E. Faircloth
Vice- Chairman ................................... Salemburg
Bart Bryson....................................... Hendersonville
Charles K. Hinnant.......................................... Kenly
Jack O. Horton................................... Elizabeth City
E. Ossie Smith............................................... Oxford
Earl M. Worsley, Jr. ............................... Wilmington
STAFF
Philip W. Humphries, Executive Director
John K. Weaver, Deputy Director
Jill A. Bryan, Legal Counsel
Matthew W. Green, Investigator
Donald T. Rodgers, Investigator
Lynn P. Crawford, Appraiser Secretary
Kim N. Giannattasio, Administrative Assistant
Paula Ford, Appraiser Clerk
APPRAISER COUNT
( As of November 6, 2003)
Trainees ...................................................... 1130
Licensed Residential .................................... 314
Certified Residential................................... 1721
Certified General.......................................... 889
Total Number ............................................. 4054
APPRAISER
EXAMINATION RESULTS
July, August, September 2003
Examination Total Passed Failed
Trainees 155 111 44
Licensed Residential 25 19 6
Certified Residential 23 12 11
Certified General 15 12 3
Examinations are administered by a national
testing service. For information, please contact
the North Carolina Appraisal Board in writing at
Post Office Box 20500, Raleigh, North Carolina
27619- 0500.
Staff Update
Continued from page 1
Key Features of the 2004 Uniform
Standards of Professional Appraisal
Practice ( USPAP)
The 2004 edition of USPAP has been published and the effective date is January 1,
2004. The following list of key features is copied directly from the 2004 edition. The
Appraisal Foundation web site is www. appraisalfoundation. org and information is avail-able
to order a copy or to access the most current edition of USPAP on your computer.
When you access the homepage, click at the top on Appraisal Standards, and on the sec-ond
screen, click on the top left margin under current edition of USPAP.
Key Features of the 2004 USPAP:
DEFINITIONS: Two definitions, INVESTMENT ANALYSIS and MARKET ANALY-SIS
have been deleted because of their limited use in USPAP.
DEFINITIONS: The definition of BIAS has been edited to represent the full range of
mental and emotional predispositions required of appraisers by USPAP.
PREAMBLE: The PREAMBLE has been revised to enhance its clarity.
ETHICS RULE: The Record Keeping section of the ETHICS RULE has been edited to
clarify the intent and responsibility of appraisers regarding record retention relative to
judicial proceedings. An edit has also been made to clarify the need for appraisers to
have appropriate custody or access to their workfile.
Standards Rules 2- 2( c)( ix) and 8- 2( c)( ix): Language in these Standards Rules that indi-cated
the review of a Restricted Use Appraisal Report in compliance with STANDARD
3 is not possible without the reviewer having the benefit of the information retained in
the workfile was removed.
Standards Rules 10- 2( b)( vii) and 10- 3: Edits have been made to these Standards Rules
regarding the appraiser’s certification and disclosure of the nature of professional assis-tance
to make them more consistent with parallel Standards Rules.
Advisory Opinion 10 ( AO- 10): This Advisory Opinion titled “ The Appraiser- Client
Relationship” has been retired. Many of the issues addressed in this Advisory Opinion
have incorporated into the new Advisory Opinions 25, 26, and 27.
Advisory Opinion 24 ( AO- 24): “ Normal Course of Business: - This is a new Advisory
Opinion addressing the concept of “ Normal Course of Business” that is used in
Standards Rules 1- 5 and 7- 5.
Advisory Opinion 25 ( AO- 25): “ Clarification of the Client in a Federally Related
Transaction” - This is a new Advisory Opinion that addresses whether an appraiser has
an obligation to ensure that his or her services are directly engaged by a federally insured
depository institution.
Advisory Opinion 26 ( AO- 26): “ Readdressing ( Transferring) a Report to Another
Party” - This new Advisory Opinion addresses the practice of altering a report to indi-cate
that a new recipient is the client when it was originally completed for another party.
Advisory Opinion 27 ( AO- 27): “ Appraising the Same Property for a New Client” - This
new Advisory Opinion addresses the practice of appraising a property for a party after
appraising it for another party.
GLOSSARY: The Glossary has been removed from the USPAP publication.
APPRAISAL BOARD
WEBSITE
Please visit the Board’s
website at:
www. ncappraisalboard. org
assistant director for the structural pest
control division. Ms. Bryan also has
experience working in a private law
office. Therefore she brings a great deal
of experience to this position as Board
Legal Counsel.
Ms. Bryan is a native of Chatham
County and currently resides in eastern
Wake County.
3
Continued on page 4
Fairness and due process are funda-mental
concepts in the Complaint
Handling Program.
All complaints must be in writing. No
verbal complaints will be received or
investigated. Anonymous complaints are
opened and investigated if they present
evidence of significant wrongdoing. In
addition, the Board may, on its own
motion, decide to open a complaint.
Once a complaint is received, it is given
to the Board’s attorney. A determination
is made as to whether this is an appropri-ate
disciplinary case ( i. e., do we have
jurisdiction, is it a request for advice,
etc.). A letter is sent to the complainant,
if known, acknowledging the complaint.
The person filing the complaint is not
considered to be a party to the complaint;
he or she does not have any control over
the course of the case. A letter of inquiry
( and a copy of the complaint) is sent to
the respondent requesting a response.
Upon receipt of the response, the com-plaint
is more thoroughly investigated.
What the Board investigates is deter-mined
by the type of complaint it
receives. The Board takes each case as it
is presented, and the scope of the investi-gation
can be broadened as more details
are received about the case.
Where deemed appropriate by legal
counsel, the investigator will conduct a
comprehensive investigation of the
Respondent’s other appraisal work. A
comprehensive investigation can take
place whenever warranted and when rea-sonable.
Some indications for a compre-hensive
investigation may be when there
is an allegation or indication of fraud or a
pattern or practice of negligent or inten-tional
violation of standards. During the
investigation, documents are gathered,
appraisals are looked at and witnesses are
interviewed. A trip is made to the area
where the subject property is located in
order to obtain tax cards, sales data and to
view the property. The investigator and
legal counsel meet frequently to discuss
each case during the investigation
process.
The results of the investigation are pre-sented
to the Board at a regularly sched-uled
meeting for a determination as to
whether probable cause exists that the
appraiser has violated the Appraiser Act.
The Board’s attorney prepares a summary
Appraisal Board Complaint
Handling Program
of the facts, possible violations and a rec-ommended
decision that is presented to
the full Board at a Probable Cause hear-ing.
The facts are sanitized so that the
names of the parties and area of the state
involved are kept anonymous. If it
appears that a Board member may have
some knowledge or bias concerning the
case, that Board member may be asked to
recuse himself from the discussion and
vote on the matter. At the Probable Cause
stage, the Board can dismiss the case, dis-miss
with a letter of warning, dismiss
with the condition that the Respondent
take further education, ask the attorney to
do more investigation or find probable
cause and request a hearing. The apprais-er
and complainant are notified of the out-come.
If a hearing will be held, additional
investigation takes place, records are sub-poenaed
and witnesses interviewed.
Depositions may be taken. Board counsel
attempts to settle each case, often meeting
with respondent ( and counsel). A Notice
of Hearing, outlining the facts and
charges, is sent to the respondent at least
fifteen days before the hearing. The only
issues that may be considered at the hear-ing
are those listed in the Notice of
Hearing.
If the matter is settled, the consent
order is presented to the Board at its next
meeting. The Board has the option of
accepting or rejecting the consent order.
Board members are given a summary of
the case, and do not see any of the docu-ments
or evidence. Companion cases may
be presented to the Board as a package or
as separate cases. Companion cases are
those that involve one appraisal signed by
two or more trainees and/ or appraisers. If
one consent order is rejected, the other
may be accepted. The cases will be heard
together or in separate hearings.
All final decisions which result in at
least a reprimand are published in the
Appraisereport; those which involve sus-pension
or revocation are also sent to
newspapers and trade journals, and are
recorded in Superior Court.
If the respondent is not satisfied with
the Board’s decision, an appeal may be
made to the Superior Court of Wake
County or in the county where the respon-dent
resides.
Anonymous
Complaints
The Appraisal Board receives many
anonymous complaints against appraisers
each year. Anonymous complaints will
be accepted if there is evidence of signif-icant
wrongdoing. No complaints,
anonymous or not, will be considered
unless they are in writing. A telephone
call will not suffice. A copy of an
appraisal report or other document that
contains clear errors may be treated as a
written complaint. The complaint must
allege independently verifiable allega-tions
of a violation of standards or the
Appraisers Act, or those violations must
be clear on the face of the documents sub-mitted.
“ Independently verifiable” means
that evidence such as tax records, listing
service data, court records, etc. would
verify the allegations. General allega-tions
such as “ you should investigate this
appraiser; everyone knows she always
hits the number” or “ this appraiser is a
crook” will not result in the opening of a
case against the appraiser. Anonymous
complaints which are not independently
verifiable or which are unable to be veri-fied
by legal counsel will not be opened.
If the identity of the complainant is
known, the case cannot be opened as
anonymous. Under no circumstances will
the name of a complainant, if known to
the staff, be kept confidential. Once the
decision is made to open a case, it will be
treated as any other case in which a
signed complaint has been received.
General Guidelines
for Providing a
Copy of an
Appraisal Report
An appraiser is contacted by a lender
and asked to appraise a property for loan
purposes. The homeowner pays the
appraisal fee directly to the appraiser at
the door on the date of inspection. After
the appraisal is completed, the appraiser
sends it to the lender. The homeowner
then asks the appraiser for a copy of the
report, stating that since the homeowner
paid for the report, he/ she is entitled to a
copy.
4
General Guidelines
Continued from page 3
According to Statement on Appraisal
Standards No. 9 ( SMT9) and the
Definitions section of USPAP, the person
who engages the appraiser’s services is
the client.
The determining factor is NOT who
pays for the appraisal or how it is paid,
but who contacted the appraiser in the
first place and placed the appraisal order.
For a federally- related transaction, feder-al
law requires the lender to be the one to
engage the appraiser’s services. In many,
if not most cases, the homeowner pays for
the appraisal either directly to the apprais-er
or indirectly through the lender, thus
payment for services is not the determin-ing
factor. In the above scenario, it is the
lender who is the client, not the home-owner,
and the appraiser cannot give a
copy of the report to the homeowner with-out
the lender’s consent.
Lenders are required by federal law
( the Equal Credit Opportunity Act) to fur-nish
a copy of the appraisal to the bor-rower
if the borrower requests a copy in
writing. This applies to both consumer
and business loans for which real estate
will be collateral. If the homeowner
wants a copy of the appraisal they can be
told to contact the lender directly or the
appraiser can ask the client for permission
to send a copy.
Investigator - Job Posting
DUTIES:
Assist in processing complaints against licensees, including reviewing com-plaints
and responses, developing investigation plans, gathering information,
data and exhibits, inspecting and measuring properties and testifying at
administrative hearings. Also assist the Executive Director and Deputy
Director by responding to inquiries from licensees and the public and review-ing
sample appraisals from applicants. Assist in the audit of appraisers and
education providers.
QUALIFICATIONS:
Graduation from a four year college; be a North Carolina Certified Real Estate
Appraiser ( General Appraiser preferred) or eligible; minimum five years
experience in real estate appraising; significant review appraisal experience;
or an equivalent combination of education and experience.
OTHER REQUIREMENTS:
Must have a thorough knowledge of real estate appraisal laws, principles and
practices and superior written and verbal communication skills. Must reside
in or be willing to relocate to the Raleigh area. No moving expenses or
allowances will be paid by the Board. Must be able and willing to travel
statewide, including overnight, on a regular basis.
APPLICATION FORMAT:
The Board will accept applications immediately and position is open until
filled. Salary based on experience but not to exceed $ 50,000. Individuals must
apply using forms PD- 107 and PD- 107 A. These forms can be downloaded
from the Office of State Personnel’s website at:
http:// www. osp. state. nc. us/ jobs/ gnrlinfo. htm
EQUAL OPPORTUNITY EMPLOYER
Upgrades to
Appraisal Board
Web Site
The Board has added two features to its
website. Appraisers can view their indi-vidual
licensing information on the
Board’s website including address, status,
renewal date, expiration date, continuing
education hours and if they have joined
the National Registry. The other feature
is a directory search for current licensees.
To view your information go to the
Board’s website at www. ncappraisal-board.
org. Click on “ appraisers only” at
the homepage and then enter your license
number. Your PIN number is the last four
digits of your social security number.
Enter your PIN number, and then click
“ login” to view your information. If you
need to change any of your information
please email the Board at ncab@ ncab. org.
To search the directory, go to the home-page
and click on “ directory”. Enter
either a license number or an appraiser’s
first and last names, then click submit to
view the search results.
Continuing
Education
NEW REQUIRE-MENTS
Beginning July 1, 2003, each trainee,
licensee and certificate holder who is
required to complete continuing educa-tion
must, within the time period from
July 1, 2003 to June 30, 2005, complete
28 hours of Board- approved education
with 7 of the 28 hours being the National
USPAP Update course or its equivalent.
Renewal of your designation will remain
on a yearly basis, but the continuing edu-cation
requirement is on a two- year cycle
with 28 hours required before June 30 of
every odd numbered year. Annual renew-al
notices will continue to be sent each
year. No carryover education credits
beyond the 28- hour requirement will be
allowed.
5 Continued on page 6
Approved Continuing Education Courses
( As of December 5, 2003)
Listed below are the courses approved for appraiser continuing education credit as of date shown above. Course sponsors are listed alphabetically with their approved courses.
Shown parenthetically beside each course title are sets of numbers [ for example: ( 15/ 10)]. The first number indicates the number of actual classroom hours and the second number
indicates the number of approved continuing education credit hours. You must contact the course sponsor at the address or telephone number provided to obtain information regard-ing
course schedules and locations.
ALAMANCE COMMUNITY COLLEGE
P. O. Box 8000
Graham, NC 27253 ( 336) 578- 2002
Appraising Small Residential Income Properties ( 10/ 10)
Intro to Commercial Real Estate ( 4/ 4)
New Exstg Residential Codes Affecting RE Appr ( 10/ 10)
Real Estate Finance ( 4/ 4)
ALLEN TATE SCHOOL OF REAL ESTATE
1400 Battleground Avenue, Suite 150
Greensboro, NC 27408- 8028 ( 336) 274- 9994
National USPAP Update ( 7/ 7)
ALLSTATE HOME INSPECTION TRAINING INSTI-TUTE
Route 1, Box 130
Randolph Center, VT 05061 ( 800) 245- 9932
Environmental Awareness Seminar ( 8/ 8)
FHA Test Preparation ( 8/ 8)
Introduction to Home Inspection ( 8/ 8)
USPAP Refresher ( 8/ 8)
AMERICAN SCHOOL OF REAL ESTATE APPRAIS-ERS
P. O. Box 275
Cherryville, NC 28021 ( 704) 435- 1111
National USPAP Update ( 15/ 15)
AM SOC FARM MANGRS & RURAL APPRAISERS
950 S. Cherry Street, Suite 508
Denver, CO 80222 ( 303) 758- 3513
A- 12 Part 1 ASFMRA Code of Ethics ( 7/ 7)
Eminent Domain A- 25 ( 19/ 19)
Advanced Appraisal Review A- 35 ( 49/ 30)
Advanced Resource Appraisal A- 34 ( 30/ 30)
Appraising Agricultural Land in Transition ( 8/ 8)
Appraising Rural Residential Properties ( 15/ 15)
ASFMRA 74th Annual Convention ( 7.25/ 7.25)
Eminent Domain ( 19/ 19)
Highest & Best Use A- 29 ( 15/ 15)
Mineral Appraisal Symposium ( 14/ 14)
National USPAP Update ( 7/ 7)
Rural Business Valuation ( 16/ 16)
AM SOCIETY OF APPRAISERS
535 Herndon Parkway, Suite 125
Herndon, VA 20170 ( 703) 733- 2123
A Perspective on the Profession, Pro Standards,
Emerging Markets & Market Opportunities ( 3.5/ 3.5)
Eminent Domain Appraisal Problems ( 3.5/ 3.5)
Faulty Appraisals, An Object Lesson ( 3.5/ 3.5)
Appraiser Opportunities and Challenges in the
Secondary Market ( 3.5/ 3.5)
AM SOCIETY OF APPRAISERS NC CHAPTER
125 Kingston Drive # 206
Chapel Hill, NC 27514 ( 919) 929- 9539
National USPAP Update ( 7/ 7)
The Appraisal of Small Subdivisions ( 7/ 7)
Using Marshall & Switf/ Res Prop ( 7/ 7)
APPRAISAL INSTITUTE
550 W. Van Buren Street, Suite 1000
Chicago, IL 60607 ( 312) 335- 4236
320 General Applications ( 39/ 30)
Apartment Appr: Cncpts & ( 14/ 14)
400 National USPAP Update ( 7/ 7)
410 National USPAP ( 15/ 16)
420 Business Practice and Ethic ( 7/ 7)
500 Adv Res Form & Narrative ( 40/ 30)
520 High & Best Use & Mkt Anal ( 40/ 30)
530 Adv Sales Comp & Cost Appr ( 40/ 30)
600 Inc Val of Sm Mixed- Use Prop ( 15/ 15)
610 Cst Val of Sm Mixed- Use Prop ( 15/ 15)
620 Sls Comp Val Sm Mixed- Use ( 15/ 15)
700 Appraisers as Expert Witness ( 15/ 15)
705 Litigation Appr: Spclzd Topics & ( 16/ 16)
710 Condemnation Appr: Basic Prin & ( 15/ 15)
720 Condemnation Appr: Adv Topics & ( 15/ 15)
800 Separating Real & Personal ( 15/ 15)
810 Computer- Enhanced Cash F ( 15/ 15)
Gen Demo Appr Rpt Writing Sem ( 7/ 7)
Intro to Income Capitalization ( 7/ 7)
O/ L 320: General Applications ( 7/ 7)
O/ L Analyzing Distressed RE ( 4/ 4)
O/ L Analyzing Operating Expen ( 7/ 7)
O/ L Appraisal of Nursing Facilities ( 7/ 7)
O/ L Appraising from Blueprints ( 7/ 7)
O/ L Appraising Mfg Housing ( 7/ 7)
O/ L Feasibility, Mkt Value, Investment ( 7/ 7)
O/ L Internet Search Strategies for R ( 7/ 7)
O/ L Intro to GIS Apps for RE App ( 7/ 7)
O/ L Overview of RE Appr Princip ( 7/ 7)
O/ L Res Design & Functional Uti ( 7/ 7)
O/ L Res Property Construction & In ( 7/ 7)
O/ L Sm Hotel/ Motel Val: Lmtd S ( 7/ 7)
O/ L The FHA and the Appr Proce ( 7/ 7)
O/ L Using Your HP12C Financial ( 7/ 7)
O/ L Val of Detrimental Conditions ( 7/ 7)
APPRAISAL INSTITUTE, NC CHAPTER
2306 W. Meadowview Road, Suite 101
Greensboro, NC 27407 ( 336) 297- 9511
400 National USPAP Update ( 7/ 7)
420 Business Practices & Ethics ( 7/ 7)
710 Condemnation Appraising ( 15/ 15)
Analyzing Distressed Real Estate ( 4/ 4)
Effective Appraisal Writing ( 7/ 7)
APPRAISAL INSTITUTE, SC CHAPTER
609 Sims Avenue
Columbia, SC 29205 ( 803) 256- 1985
Land Val Adjustment Procedure ( 7/ 7)
Land Valuation Assignments ( 7/ 7)
APPRAISAL INSTITUTE, REGION V
P. O. Box 801807
Dallas, TX 75380- 1807
Analyzing Distressed Real Estate ( 4/ 4)
APPRAISAL. COM
334 Harris Hill Road
Buffalo, NY 14221 9716) 633- 2428
NOVA for Appraisers ( 7/ 7)
ASHEVILLE- BUNCOMBE TECH CC
340 Victoria Road
Asheville, NC 28801 ( 828) 254- 1921
PDH RE - Basic Surveying ( 5/ 5)
The UDO: Regulating RE Use & Dev ( 4/ 4)
USPAP 2001 ( 15/ 15)
BILL GALLAGHER SCHOOL OF REAL ESTATE
380 Knollwood Street, Suite 420
Winston- Salem, NC 28103 ( 888) 778- 1245
Intro to Residential RE Investment ( 7/ 7)
The Appraiser As An Expert Witness ( 7/ 7)
BOB IPOCK & ASSOCIATES, INC.
1218 Heatherloch
Gastonia, NC 28054 ( 704) 807- 1985
National USPAP Update ( 8/ 8)
BRUNSWICK COMMUNITY COLLEGE
P. O. Box 30
Supply, NC 28462 ( 910) 754- 6900
I’ve Got This House ( 7/ 7)
CARTERET COMMUNITY COLLEGE
3505 Arendell Street
Morehead City, NC 28557 ( 252) 222- 6127
Mold Inspectionas & Remediation ( 4/ 4)
CCIM INSTITUTE
430 N Michigan Avenue, 8th Floor
Chicago, IL 60611- 4092 ( 312) 321- 4473
C1101 Fin Analysis Comm Invest ( 30/ 30)
C1102 Market Analysis Comm In ( 30/ 30)
C1103 User Decision Analysis Comm ( 30/ 30)
C1104 Invest Analysis Comm Inv ( 30/ 30)
Introduction to Com Investment RE An ( 12/ 12)
CLE INTERNATIONAL
1620 Gaylord Street
Denver, CO 80206 ( 303377- 6600
Eminent Domain ( 13/ 13)
DAN MOHR RE SCHOOLS
1400 Battleground Avenue, Suite 150
Greensboro, NC 27408 ( 800) 639- 9813
Depreciation Workshop ( 7/ 7)
Environmental Hazards- Residential Prop ( 7/ 7)
Extraction of Data from Market Res ( 7/ 7)
HP 12C Course ( 7/ 7)
Intro to Residential Construction ( 30/ 30)
Mfg/ Modular Homes & Real Property Appr Review ( 7/ 7)
National USPAP Update ( 7/ 7)
Res Appr & Conventional Underwriting Guide ( 7/ 7)
Residential Construction Seminar ( 7/ 7)
Residential Construction Seminar ( 14/ 14)
Rules & Regs FHA/ HUD Requirements ( 14/ 14)
The Narrative Appraisal Report ( 7/ 7)
Using Streamlined Appraisal Report Forms ( 7/ 7)
DUKE UNIVERSITY
A108B LSRC/ Box 90328
Durham, NC 27708 ( 919) 684- 2135
What’s it Worth - Forest Appraisal ( 36/ 30)
EDGECOMBE CC
225 Tarboro Street
Rocky Mount, NC 27801 ( 252) 613- 8082
Appraising Manufactured, Modular & Mobile ( A) ( 7/ 7)
Appraising Manufactured, Modular & Mobile ( B) ( 7/ 7)
Income Capitalization ( 14/ 14)
Income Capitalization ( A) ( 7/ 7)
Income Capitalization ( B) ( 7/ 7)
Manufactured, Modular & Mobile ( 4/ 4)
Narrative Appraisal Report Writing ( 14/ 14)
Pricing Small Income Properties ( 4/ 4)
Principles & Techniques Val 2- 4 Units Res Prop ( 14/ 14)
Real Estate Finance for Appraisers ( 14/ 14)
Rural Valuation Seminar ( 14/ 14)
Single Family Residential Appraisal ( 14/ 14)
Standards of Professional Practice ( 15/ 15)
USPAP & NC Board Rules & Regs Fo ( 15/ 15)
ELLIOTT & COMPANY APPRAISERS
3316- A Battleground Avenue
Greensboro, NC 27410 ( 336) 854- 3075
Standards and Beyond ( 6/ 6)
EMPLOYEE RELOCATION COUNCIL
1717 Pennsylvania Avenue NW # 800
Washington, DC 20006- 4665 ( 202) 862- 4236
Relocation Appr Training Prog ( 6/ 6)
ENVIROSAFETY GROUP, INC.
3764 Candlers Mountain Road
Lynchburg, VA 24502 ( 434) 846- 4960
Mold Inspection & Remediation ( 4/ 4)
FREDDIE F STELL APPRAISAL SCHOOL
2121 Guess Road
Durham, NC 27705 ( 919) 416- 1117
Measuring Homes & Appraising ( 7/ 7)
HIGNITE TRAINING SERVICE
208 Gloria Street
Greenville, NC 27858 ( 252) 756- 7288
The Review and The Reviewer ( 7/ 7)
National USPAP Update ( 7/ 7)
6
HISTORIC PRESERVATION CONSULTING
22 Pan Will Road
Mineral Bluff, GA 30559 ( 706) 492- 7234
Marketing & Appraising Historic Property ( 14/ 14)
INSTITUTE OF GOVERNMENT
223 Knapp Building, CB# 3330
Chapel Hill, NC 27599- 3330 ( 919) 966- 4372
Appraisal of Land ( 30/ 30)
Fundamentals of Assessment Ratio Studies ( 16/ 16)
Fundamentals of Mass Appraisals ( 30/ 30)
IAAO 101: Fundamentals of Real Prop ( 30/ 30)
IAAO 102: Inc Approach to Valuation ( 30/ 30)
Marshall & Swift - Commercial ( 13/ 13)
Principles & Techniques of Cadestral Mapping ( 30/ 30)
Residential Modeling Concepts ( 30/ 30)
INTERNATIONAL RIGHT OF WAY ASSOCIATION
19750 S. Vermont Avenue, Suite 220
Torrance, CA 90502- 1144 ( 213) 538- 0233
103 Ethics & Right of Way Profession ( 8/ 8)
402 Introduction to Income Approach to Valuation ( 8/ 8)
403 Easement Valuation ( 8/ 8)
801 Land Titles ( 10/ 10)
INTERNATIONAL RIGHT OF WAY ASSOCIATION,
CHAPTER 31
563 Red Maple Drive
Waynesville, NC 28785 ( 828) 734- 3987
Easement Valuation ( 8/ 8)
JOHNSTON CC
P. O. Box 2350
Smithfield, NC 27577 ( 919) 934- 3051
Appraisal 2002 ( 7/ 7)
USPAP 2002 ( 7/ 7)
LENOIR CC
P. O. Box 188
Kinston, NC 28502- 9946 ( 252) 527- 6223
Appraising Manufactured, Modular, & Mobile ( A) ( 7/ 7)
Appraising Manufactured, Modular, & Mobile ( B) ( 7/ 7)
Challenging the Appraisal ( 4/ 4)
Cost Approach Marshall & Swift ( 7/ 7)
Income Capitalization ( A) ( 7/ 7)
Income Capitalization ( B) ( 7/ 7)
Manufactured, Modular & Mobile ( 4/ 4)
Maximizing Value ( 4/ 4)
National USPAP Update ( 7/ 7)
NC Rules & Regulation Update 97/ 7)
Pricing Complex Properties ( 4/ 4)
Pricing Small Income Properties ( 4/ 4)
Principles/ Techniques Val 2- 4 Unit Residential ( 14/ 14)
USPAP & NC Rules & Regulations for App ( 15/ 15)
M CURTIS WEST
P. O. Box 947
Zebulon, NC 27597 ( 919) 217- 8040
USPAP 2002/ 2003 ( 7/ 7)
MCKISSOCK DATA SYSTEMS
P. O. Box 1673
Warren, PA 26365 ( 814) 723- 6979
Appraiser Liability ( 7/ 7)
Appraising the Oddball ( 7/ 7)
Does My Report Comply with USPAP? ( 7/ 7)
Legal Issues for Appraisers ( 7/ 7)
National USPAP ( 15/ 15)
National USPAP Update ( 7/ 7)
O/ L Appraiser Liability ( 7/ 7)
O/ L Construction Details & Trends ( 7/ 7)
O/ L Factory- Built Housing ( 7/ 7)
RE Damages: Assessment & Testi ( 7/ 7)
Real Estate Fraud & Appraiser’s Role ( 7/ 7)
Residential Construction ( 7/ 7)
The Appraiser as Expert Witness ( 7/ 7)
Vacant Land Appraisal ( 7/ 7)
Approved Continuing Education Courses
Continued from page 5
MEL BLACK
P. O. Box 705
Cherryville, NC 28021 ( 704) 460- 3551
Trainees & Supervisors ( 7/ 7)
Board Rules and Laws ( 7/ 7)
MINGLE SCHOOL OF REAL ESTATE
P. O. Box 35511
Charlotte, NC 28235 ( 704) 372- 2984
Is This A Commercial Appraisal? ( 4/ 4)
NC RE Appr Act & Appraisal Board Rules ( 4/ 4)
Role of the Supervisory Appraiser ( 4/ 4)
NAIFA
7501 Murdoch Avenue
St. Louis, MO 63119 ( 314) 781- 6688
1031 Like Kind Exchange ( 4/ 4)
11.8 Calculating Gross Living Area Using ( 7/ 7)
2.0 Financial Analysis Inc Property ( 15/ 15)
4.0 Marshall & Swift Valuation Guides ( 15/ 15)
4.1 Marshall & Swift Residential Cost M ( 8/ 8)
5.0A Standards Review ( 8/ 8)
Appraisal of Foreclosure ( 4/ 4)
Analyzing & Handling Litigation ( 4/ 4)
Blue Print Reading Seminar ( 4/ 4)
Bridging the Gap Between Lend & ( 4/ 4)
Calc Gross Living Area Using ANSI ( 4/ 4)
Commercial Report Writing ( 15/ 15)
Environmental Concerns Seminar ( 4/ 4)
Ethics ( 4/ 4)
Historic Appraising ( 8/ 8)
Fannie Mae Update ( 4/ 4)
Fannie Mae Updated Prop & A ( 8/ 8)
HUD Review Update ( 4/ 4)
Internet & Appraisal Practice Seminar ( 4/ 4)
Intro to Automated Valuation Model Tech Seminar ( 4/ 4)
Lead- Based Paint & Mold: H ( 4/ 4)
Practical Office for Pro Ap ( 4/ 4)
Preparing Your Listing for FHA ( 4/ 4)
Relocation Seminar ( 4/ 4)
Scope of Work ( 8/ 8)
Valuing Undivided Interest ( 4/ 4)
NAMA/ LINCOLN GRADUATE CENTER
P. O. Box 12528
San Antonio, TX 78212 ( 800) 531- 5333
Appr Liability- Knowledge to Mnmz ( 8/ 8)
Appraiser Liability ( 15/ 15)
Environmental Site Assessment ( 15/ 15)
HUD Appraisal Standards Update ( 7/ 7)
Manufactured Housing Appraisal ( 15/ 15)
Principles of Property Inspection ( 20/ 20)
Principles of Appraisal Review ( 15/ 15)
Real Estate Environmental Screening ( 7/ 7)
Residential Cost Approach- Marshall & Swift ( 15/ 15)
Residential Environmental Screening ( 7/ 7)
Residential Appraisal Review ( 7/ 7)
USPAP Update ( 7/ 7)
NC RE EDUCATION FOUNDATION ( NCAR)
4511 Weybridge Lane
Greensboro, NC 27407 ( 800) 443- 9956
Appraising a Single- Unit Condo ( 7/ 7)
Fundamentals of HP- 12C in Appraisal Work ( 7/ 7)
Income Capitalization for Small Com Props ( 7/ 7)
Land Use Regs Effect on Market Value ( 7/ 7)
Legal Issues in Real Estate ( 7/ 7)
Residential Construction ( 7/ 7)
Residential Real Estate as an Investment ( 7/ 7)
Tax Planning for the Real Estate Agent ( 7/ 7)
USPAP ( 7/ 7)
NCDOT
1605 Westbrook Plaza Drive, Suite 301
Winston- Salem, NC 27103 ( 336) 760- 1925
Appr Board Speaks to You/ Ct Rm Eti ( 7/ 7)
Appraisal of Residue & Special Use Properties ( 7/ 7)
National USPAP Update ( 7/ 7)
NC Rules & Regulations - USPAP Update/ Avd Ltg ( 7/ 7)
Revisiting the Cost Approach & Recurring Errors ( 7/ 7)
Sales Comp Grid/ Appr of Trans ( 7/ 7)
NCSU FORESTRY ED OUTREACH PROGRAM
Campus Box 8003
Raleigh, NC 27695 ( 919) 515- 3184
Accurate Forest Inventory ( 16/ 16)
Applied Intermediate GIS - Foresters ( 15/ 15)
Dlntn of Pdmnt & Cstl Pln Jrsd ( 30/ 30)
Introduction to Applied GIS - Foresters ( 15/ 15)
Introduction to Applied GPS - Foresters ( 13/ 13)
NCSU SOIL SCIENCE DEPT
Campus Box 7619
Raleigh, NC 27695 ( 919) 513- 1678
Basics of On- Site Sewage ( 7/ 7)
Getting the Dirt on Soils ( 7/ 7)
On- Site System Tech Refresh ( 7/ 7)
Septic System Options for Diff ( 14/ 14)
Wastewater in the Environment ( 7/ 7)
Wells & Septic Systems ( 4/ 4)
REALETECH. COM
2321 Robert Hoke Road
Wilmington, NC 28412 ( 910) 352- 9693
National USPAP Update ( 7/ 7)
STACEY P. ANFINDSEN
1145- E Executive Circle
Cary, NC 27511 ( 919) 460- 7993
Appraisal Process and Val of Residential Prop ( 4/ 4)
SURRY CC
P. O. Box 304
Dobson, NC 27017 ( 910) 386- 8121
Home Inspections & Common De ( 4/ 4)
Is the Comparable Comparable ( 8/ 8)
Mobile Mfg Homes & Types of M ( 4/ 4)
Reviewing a Residential Appraisal ( 8/ 8)
Testing Highest & Best Use ( 8/ 8)
TH HUNTER & ASSOCIATES, INC.
1908 Sterling Road
Charlotte, NC 28209 ( 704) 372- 5855
Appraiser as an Expert Witness ( 7/ 7)
Intro to Res RE Investment ( 7/ 7)
Land, Res & Com Investment ( 7/ 7)
Understanding Appraiser Liability ( 7/ 7)
TRIANGLE APPRAISAL & REAL ESTATE SCHOOL
4024 Barrett Drive # 204
Raleigh, NC 27609 ( 919) 782- 2084
Manufactured Home Construction ( 7/ 7)
National USPAP Update ( 7/ 7)
North Carolina Rules ( 7/ 7)
WENDELL HAHN & ASSOCIATES
P. O. Box 245
Columbia, SC 29250 ( 803) 779- 4721
FHA Guidelines 2001( 7/ 7)
New for 2002 ( 7/ 7)
Nuts & Bolts ( 7/ 7)
The Modern Appraisal Office - Part I ( 7/ 7)
The Modern Appraisal Office - Part II ( 7/ 7)
USPAP 2001 ( 14/ 14)
WESTERN PIEDMOND COMMUNITY COLLEGE
1001 Burkemont Avenue
Morganton, NC 28655 ( 828) 438- 6104
Appraising Manufactured, Modular & Mobile ( 14/ 14)
Income Capitalization ( A) ( 7/ 7)
Income Capitalization ( B) ( 7/ 7)
Maximizing Value ( 4/ 4)
Manufactured, Modular & Mobile ( 4/ 4)
National USPAP Update Course ( 7/ 7)
Pricing Complex Properties ( 4/ 4)
USPAP & NC Rules and Regulations for App ( 15/ 15)
WILLIAM H. SHARP & ASSOCIATES
1459 Pineview Circle
Douglasville, GA 30134 ( 678) 838- 2949
Housework Homework Check List ( 14/ 14)
7
Continued on page 8
DISCIPLINARY ACTIONS
Albert Yount
By consent, the Board issued a reprimand
to Mr. Albert Yount. The Board also
ordered Mr. Yount to take and satisfactori-ly
complete the 15- hour National USPAP
course and 7 hours of coursework in prop-erty
inspection prior to May 1, 2004. If he
fails to take the coursework as provided,
the matter will be reopened and a hearing
scheduled before the Board. The Board
found that Mr. Yount appraised a home in
Hickory, NC on July 27, 2000, finding an
appraised value of $ 129,000. The prop-erty
owners sought to refinance the loan in
2003 and the property was re- appraised,
the appraiser issued a report placing a
value of $ 110,500 during 2003. During
the investigation, it was learned that Mr.
Yount had mismeasured the property. He
reported that the unit had 2,165 square
feet compared to the actual measurement
of 1,589 square feet. He also described
the unit as having two elevators, a foyer,
hardwood floors, and a disposal when
none of the amenities are present in the
subject property. The primary reason for
the difference in value reported by the
Respondent and by the other appraiser
was the result of the inaccurate square
footage reported by the Respondent.
Gerald Wright
By consent, the Board issued a reprimand
to Mr. Wright. The Board also ordered Mr.
Wright to take and satisfactorily complete
7 hours of coursework in home and prop-erty
inspections and 7 hours of coursework
dealing with appraiser liability prior to May
1, 2004. If Mr. Wright does not take and
satisfactorily complete the courses within
the agreed upon time frame, the matter
will be reopened and a hearing will be
scheduled before the Board. Mr. Wright
appraised the subject property on two
occasions and for two different clients. His
first appraisal had an effective date of
October 23, 2002. His second appraisal
was issued with an effective date of
January 23, 2003. An individual who
reviewed Mr. Wright’s second appraisal
notified him that the square footage was
incorrect. Mr. Wright examined his
appraisal and work file and realized that
he had made an error in entering the mea-suring
data into his computer. He correct-ed
the appraisal and resubmitted it.
Realizing that his initial appraisal had the
same error, Mr. Wright advised the client of
the error made in his initial appraisal. Mr.
Wright’s second appraisal effective
January 23, 2002 indicated that there had
been no prior sales within the prior 36
months. In fact, there was a transfer of
ownership of the property on January 22,
2003 that was omitted from Mr. Wright’s
appraisal. Because he knew that owner-ship
of the property was being transferred,
he delayed issuing his second appraisal.
When he received a copy of the deed on
February 5, 2003, he then issued the
appraisal that still indicated there had
been no sale of the property within the
prior 3 years. Mr. White submitted revi-sions
to both clients that corrected the
identified errors.
William J. Carren
By consent, the Board suspended Mr.
Carren’s residential appraiser certificate
A4389 for a period of thirty ( 30) days
commencing on the date which Mr.
Carren’s certification may be reinstated by
the Board, as it is currently expired. Mr.
Carren agreed not to hold himself out or
act as a real estate appraiser during the
time of the suspension. Mr. Carren primar-ily
performs appraisals in the Raleigh,
Durham and Chapel Hill area. The viola-tion
occurred during 2000 when Mr.
Carren engaged another appraiser to per-form
an appraisal of residential property in
Wilmington, NC. The appraisal per-formed
by the other individual was not
performed in a manner consistent with the
Uniform Standards of Professional
Appraisal Practice and the report con-tained
errors and inaccuracies which
made it misleading. The report was pre-pared
by the other appraiser. Although the
other appraiser was certified and did not
require immediate supervision, Mr.
Carren’s signature and seal were affixed to
the report causing his client and foresee-able
users of the report to believe that he
had reviewed the report in a supervisory
capacity.
Robert M. Kenley
By consent, the Board suspended Mr.
Kenley’s license number A1667 for a peri-od
of one year with the suspension to
begin on September 1, 2003. It was
agreed that the first month of the suspen-sion
would be active and the remainder
would be stayed until March 1, 2004 if Mr.
Kenley completes a 15- hour USPAP course
and a course in the role of a supervisor by
that date, then the remainder of the sus-pension
shall be inactive. This problem
arose when a trainee working under Mr.
Kenley’s supervision completed an
appraisal report and placed it on Mr.
Kenley’s desk for his review as was the
usual practice. The trainee did not sign the
report nor was there any mention in the
appraisal report that the trainee provided
significant professional assistance. That
was also a common practice in that office.
Although a signature on the report
appears to be that of Mr. Kenley, he denies
having signed the report and it appears
that someone else in his office affixed his
name to the report. The violations primar-ily
involved a failure to properly supervise
the trainee and to act appropriately as a
supervising appraiser.
Catherine Plummer
By consent, the Board suspended Ms.
Plummer’s registration number T1203 for
a period of 6 months. It was further
agreed that the suspension would be
stayed until March 1, 2004 and that the
suspension would be inactive if Ms.
Plummer completes a 15- hour USPAP
course and a course in appraiser liability
by that date. After completing an
appraisal report for a property in Lincoln
County in May 2002, Ms. Plummer placed
the unsigned report on her supervisor’s
desk for review and signature, as was the
established practice in that office. Ms.
Plummer did not sign the report and there
was no mention in the report that she had
provided any significant professional assis-tance.
That was also a common practice
in that office. Someone in the office
affixed the name of the supervisor to the
report and sent the report to the client.
Donald Welsh
By consent, the Board suspended Mr.
Welsh’s certificate, number A2661 for a
period of sixty ( 60) days to begin on
December 1, 2004. The suspension shall
be stayed if Mr. Welsh completes education
courses from a provided list totaling at
least 15 hours prior to December 1, 2004.
Mr. Welsh accepted an appraisal assign-ment
to appraise four ( 4) undeveloped
parcels of real property located in the City
of Charlotte, NC which was under threat of
condemnation at the time. Portions of the
parcels were traversed by a stream and
three of the four parcels were located in
areas denoted by the local zoning ordi-nance
as floodway or floodway fringe.
Under the ordinance, development of land
in such areas is severely restricted and
requires a special permit. None of the
parcels had immediate access to a paved
public street. All of the parcels were zoned
for residential use only. In his appraisal
report, Mr. Welsh failed to fully describe
the physical and regulatory impediments
to development of the subject parcels.
Respondent also failed to fully describe the
assumptions upon which his opinion of
NORTH CAROLINA
APPRAISAL BOARD
P. O. Box 20500
Raleigh, NC 27619- 0500
4,400 copies of this document were printed at a cost of $ 0.4225 per copy.
PRSRT STD
U. S. Postage
PAID
Permit No. 1978
RALEIGH, NC
Disciplinary Actions
Continued from page 7
value was based or to make appropriate
adjustments.
William Hogue and Geoffrey Smith
By consent, the Board reprimanded Mr.
Hogue and Mr. Smith. In addition, the
parties agreed that a 30- day suspension
would be imposed unless Mr. Hogue and
Mr. Smith successfully completed the 15-
hour National USPAP course by October 1,
2003. Mr. Smith filed an application to
obtain certification by reciprocity from
South Carolina. Mr. Smith was living in
North Carolina at the time that his appli-cation
was filed and did not meet the
requirements for reciprocity. He assisted
on 64 appraisal reports for Mr. Hogue’s
appraisal company after he moved to
North Carolina when he was not licensed
to do so. It was indicated on the reports
that Mr. Smith contributed significant pro-fessional
assistance in the preparation of
the reports and indicated that he was not
licensed in North Carolina. Both Smith
and Hogue thought that Mr. Smith could
perform the duties of a trainee until such
time as his application for certification was
granted.
John L. Boggess
By consent, the Board reprimanded Mr.
Boggess and required him to satisfactorily
complete the 15- hour National USPAP and
a course in inspection or measurement of
properties by April 1, 2003. If he fails to
take the course as agreed, a one- month
active suspension will be effective as of that
date. Mr. Boggess appraised a modular
home. He mismeasured the property and
reported a gross living area of 2,128 sq.
ft., an excess of 297 feet. Mr. Boggess
selected his comparable sales and made
adjustments for the respective gross living
areas of each based upon his inaccurate
measurement for the subject property. All
errors in the report were related to his
error in measuring and reporting the gross
living area of the property.
J. Scott Lindsley
By consent the Board accepted Mr.
Lindsley’s voluntary surrender of his
license and his agreement not to apply for
a license for a period of at least one year.
Two outstanding complaints against Mr.
Lindsley were dismissed with no determi-nation
of wrongdoing.

Volume 13 Fall 2003 Number 3
NORTH CAROLINA
APPRAISAL BOARD
APPRAISEREPORT
1
Continued on page 2
G o v e r n o r
Michael F. Easley
has appointed Earl
M. Worsley, Jr. to
the North Carolina
Appraisal Board for
a term which
expires June 30,
2006. Mr. Worsley
was administered
the Oath of Office by Superior Court
Judge Abraham Penn Jones at a swearing
in ceremony held at the Board’s office on
October 14, 2003. Mr. Worsley is a state-certified
general appraiser and holds the
professional designation of M. A. I. from
the Appraisal Institute. Mr. Worsley is a
North Carolina real estate broker with the
CRE designation and has been active in
the National Association of Realtors
through its local Board in Wilmington.
He is a native of Pitt County and a gradu-ate
of East Carolina University.
Mr. Worsley began his professional
career as a staff member in the United
States Congress and began his career in
real estate in 1979 in Wilmington. After
many years of working for various firms
and in a partnership, Mr. Worsley formed
the Worsley Real Estate Company in
1995 to concentrate as an advisor and
consultant in various real estate ventures.
Mr. Worsley has many years of experi-ence
in real estate appraisal, brokerage
Worsley Appointed to Appraisal Board
Staff Update
Jill A. Bryan has
been employed by
the Board as Legal
Counsel. Ms. Bryan
obtained a Bachelor
of Arts Degree from
the University of
North Carolina and
obtained her law
degree from Wake
Forest University Law School.
Before becoming legal counsel of the
Board, Ms. Bryan was an Assistant Chief
Appeals Referee with the North Carolina
Employment Security Commission. In
this position Ms. Bryan trained appeals
referees and hearing officers and also
conducted hearings for the Employment
Security Commission. Ms. Bryan has
represented the Pesticide Section of the
Department of Agriculture and served as
Earl M. Worsley, Jr.
Jill A. Bryan
and also in real estate investment and
development. He currently serves on the
Board of Directors of the North Carolina
Chapter of the Appraisal Institute and is
also currently vice- chairman of the North
Carolina/ South Carolina Chapter of the
Counselors of Real Estate. Mr. Worsley
also formed Worsley Investment and
Development, LLC and is very active in
the investment and development of real
estate in eastern North Carolina.
Mr. Worsley is married to Charlotte
Wilson Moseley and they have one son,
William Earl Worsley. The Worsley’s
make their home in Wrightsville Beach
and are active in various community orga-nizations.
Humphries Promoted to Executive
Director
The Appraisal
Board has pro-moted
Philip W.
Humphries from
Deputy Director to
the position of
Executive Director.
Mr. Humphries was
employed in
October 2001 as a
Deputy Director and
has over 30 years of appraisal experience,
all of which was obtained working in
North Carolina. He graduated from
Campbell University with a Bachelor’s
Degree in Business Administration and
has been a state- certified general apprais-er
since 1991.
Before becoming a member of the
Board staff, Mr. Humphries was
employed by the North Carolina
Department of Transportation for over 33
years. He worked as a staff appraiser,
review appraiser, area supervising
appraiser and state appraiser. He has a
great deal of experience in the appraisal
of all types of real estate.
Mr. Humphries is one of the few indi-viduals
who has received the distin-guished
award of the Order of the Long
Leaf Pine from two different governors.
This award was presented to Mr.
Humphries by Governor James B. Hunt,
Jr. in December of 1984 and by Governor
Michael F. Easley in October 2001.
Mr. Humphries is a native of Wake
County and he and his wife Margaret live
in Raleigh.
Philip W.
Humphries
2
Published as a service to appraisers to promote a
better understanding of the Law, Rules and
Regulations, and proficiency in ethical appraisal
practice. The articles published herein shall not be
reprinted or reproduced in any other publication,
without specific reference being made to their origi-nal
publication in the North Carolina Appraisal
Board Appraisereport.
NORTH CAROLINA
APPRAISAL BOARD
Mailing Address:
P. O. Box 20500
Raleigh, North Carolina 27619- 0500
Street Address:
3900 Barrett Drive, Suite 101
Raleigh, North Carolina 27609
Phone: 919/ 420- 7920
Fax: 919/ 420- 7925
Website:
www. ncappraisalboard. org
Email Address:
ncab@ ncab. org
Michael F. Easley, Governor
APPRAISAL BOARD MEMBERS
J. Vance Thompson
Chairman .................................................... Elkin
Henry E. Faircloth
Vice- Chairman ................................... Salemburg
Bart Bryson....................................... Hendersonville
Charles K. Hinnant.......................................... Kenly
Jack O. Horton................................... Elizabeth City
E. Ossie Smith............................................... Oxford
Earl M. Worsley, Jr. ............................... Wilmington
STAFF
Philip W. Humphries, Executive Director
John K. Weaver, Deputy Director
Jill A. Bryan, Legal Counsel
Matthew W. Green, Investigator
Donald T. Rodgers, Investigator
Lynn P. Crawford, Appraiser Secretary
Kim N. Giannattasio, Administrative Assistant
Paula Ford, Appraiser Clerk
APPRAISER COUNT
( As of November 6, 2003)
Trainees ...................................................... 1130
Licensed Residential .................................... 314
Certified Residential................................... 1721
Certified General.......................................... 889
Total Number ............................................. 4054
APPRAISER
EXAMINATION RESULTS
July, August, September 2003
Examination Total Passed Failed
Trainees 155 111 44
Licensed Residential 25 19 6
Certified Residential 23 12 11
Certified General 15 12 3
Examinations are administered by a national
testing service. For information, please contact
the North Carolina Appraisal Board in writing at
Post Office Box 20500, Raleigh, North Carolina
27619- 0500.
Staff Update
Continued from page 1
Key Features of the 2004 Uniform
Standards of Professional Appraisal
Practice ( USPAP)
The 2004 edition of USPAP has been published and the effective date is January 1,
2004. The following list of key features is copied directly from the 2004 edition. The
Appraisal Foundation web site is www. appraisalfoundation. org and information is avail-able
to order a copy or to access the most current edition of USPAP on your computer.
When you access the homepage, click at the top on Appraisal Standards, and on the sec-ond
screen, click on the top left margin under current edition of USPAP.
Key Features of the 2004 USPAP:
DEFINITIONS: Two definitions, INVESTMENT ANALYSIS and MARKET ANALY-SIS
have been deleted because of their limited use in USPAP.
DEFINITIONS: The definition of BIAS has been edited to represent the full range of
mental and emotional predispositions required of appraisers by USPAP.
PREAMBLE: The PREAMBLE has been revised to enhance its clarity.
ETHICS RULE: The Record Keeping section of the ETHICS RULE has been edited to
clarify the intent and responsibility of appraisers regarding record retention relative to
judicial proceedings. An edit has also been made to clarify the need for appraisers to
have appropriate custody or access to their workfile.
Standards Rules 2- 2( c)( ix) and 8- 2( c)( ix): Language in these Standards Rules that indi-cated
the review of a Restricted Use Appraisal Report in compliance with STANDARD
3 is not possible without the reviewer having the benefit of the information retained in
the workfile was removed.
Standards Rules 10- 2( b)( vii) and 10- 3: Edits have been made to these Standards Rules
regarding the appraiser’s certification and disclosure of the nature of professional assis-tance
to make them more consistent with parallel Standards Rules.
Advisory Opinion 10 ( AO- 10): This Advisory Opinion titled “ The Appraiser- Client
Relationship” has been retired. Many of the issues addressed in this Advisory Opinion
have incorporated into the new Advisory Opinions 25, 26, and 27.
Advisory Opinion 24 ( AO- 24): “ Normal Course of Business: - This is a new Advisory
Opinion addressing the concept of “ Normal Course of Business” that is used in
Standards Rules 1- 5 and 7- 5.
Advisory Opinion 25 ( AO- 25): “ Clarification of the Client in a Federally Related
Transaction” - This is a new Advisory Opinion that addresses whether an appraiser has
an obligation to ensure that his or her services are directly engaged by a federally insured
depository institution.
Advisory Opinion 26 ( AO- 26): “ Readdressing ( Transferring) a Report to Another
Party” - This new Advisory Opinion addresses the practice of altering a report to indi-cate
that a new recipient is the client when it was originally completed for another party.
Advisory Opinion 27 ( AO- 27): “ Appraising the Same Property for a New Client” - This
new Advisory Opinion addresses the practice of appraising a property for a party after
appraising it for another party.
GLOSSARY: The Glossary has been removed from the USPAP publication.
APPRAISAL BOARD
WEBSITE
Please visit the Board’s
website at:
www. ncappraisalboard. org
assistant director for the structural pest
control division. Ms. Bryan also has
experience working in a private law
office. Therefore she brings a great deal
of experience to this position as Board
Legal Counsel.
Ms. Bryan is a native of Chatham
County and currently resides in eastern
Wake County.
3
Continued on page 4
Fairness and due process are funda-mental
concepts in the Complaint
Handling Program.
All complaints must be in writing. No
verbal complaints will be received or
investigated. Anonymous complaints are
opened and investigated if they present
evidence of significant wrongdoing. In
addition, the Board may, on its own
motion, decide to open a complaint.
Once a complaint is received, it is given
to the Board’s attorney. A determination
is made as to whether this is an appropri-ate
disciplinary case ( i. e., do we have
jurisdiction, is it a request for advice,
etc.). A letter is sent to the complainant,
if known, acknowledging the complaint.
The person filing the complaint is not
considered to be a party to the complaint;
he or she does not have any control over
the course of the case. A letter of inquiry
( and a copy of the complaint) is sent to
the respondent requesting a response.
Upon receipt of the response, the com-plaint
is more thoroughly investigated.
What the Board investigates is deter-mined
by the type of complaint it
receives. The Board takes each case as it
is presented, and the scope of the investi-gation
can be broadened as more details
are received about the case.
Where deemed appropriate by legal
counsel, the investigator will conduct a
comprehensive investigation of the
Respondent’s other appraisal work. A
comprehensive investigation can take
place whenever warranted and when rea-sonable.
Some indications for a compre-hensive
investigation may be when there
is an allegation or indication of fraud or a
pattern or practice of negligent or inten-tional
violation of standards. During the
investigation, documents are gathered,
appraisals are looked at and witnesses are
interviewed. A trip is made to the area
where the subject property is located in
order to obtain tax cards, sales data and to
view the property. The investigator and
legal counsel meet frequently to discuss
each case during the investigation
process.
The results of the investigation are pre-sented
to the Board at a regularly sched-uled
meeting for a determination as to
whether probable cause exists that the
appraiser has violated the Appraiser Act.
The Board’s attorney prepares a summary
Appraisal Board Complaint
Handling Program
of the facts, possible violations and a rec-ommended
decision that is presented to
the full Board at a Probable Cause hear-ing.
The facts are sanitized so that the
names of the parties and area of the state
involved are kept anonymous. If it
appears that a Board member may have
some knowledge or bias concerning the
case, that Board member may be asked to
recuse himself from the discussion and
vote on the matter. At the Probable Cause
stage, the Board can dismiss the case, dis-miss
with a letter of warning, dismiss
with the condition that the Respondent
take further education, ask the attorney to
do more investigation or find probable
cause and request a hearing. The apprais-er
and complainant are notified of the out-come.
If a hearing will be held, additional
investigation takes place, records are sub-poenaed
and witnesses interviewed.
Depositions may be taken. Board counsel
attempts to settle each case, often meeting
with respondent ( and counsel). A Notice
of Hearing, outlining the facts and
charges, is sent to the respondent at least
fifteen days before the hearing. The only
issues that may be considered at the hear-ing
are those listed in the Notice of
Hearing.
If the matter is settled, the consent
order is presented to the Board at its next
meeting. The Board has the option of
accepting or rejecting the consent order.
Board members are given a summary of
the case, and do not see any of the docu-ments
or evidence. Companion cases may
be presented to the Board as a package or
as separate cases. Companion cases are
those that involve one appraisal signed by
two or more trainees and/ or appraisers. If
one consent order is rejected, the other
may be accepted. The cases will be heard
together or in separate hearings.
All final decisions which result in at
least a reprimand are published in the
Appraisereport; those which involve sus-pension
or revocation are also sent to
newspapers and trade journals, and are
recorded in Superior Court.
If the respondent is not satisfied with
the Board’s decision, an appeal may be
made to the Superior Court of Wake
County or in the county where the respon-dent
resides.
Anonymous
Complaints
The Appraisal Board receives many
anonymous complaints against appraisers
each year. Anonymous complaints will
be accepted if there is evidence of signif-icant
wrongdoing. No complaints,
anonymous or not, will be considered
unless they are in writing. A telephone
call will not suffice. A copy of an
appraisal report or other document that
contains clear errors may be treated as a
written complaint. The complaint must
allege independently verifiable allega-tions
of a violation of standards or the
Appraisers Act, or those violations must
be clear on the face of the documents sub-mitted.
“ Independently verifiable” means
that evidence such as tax records, listing
service data, court records, etc. would
verify the allegations. General allega-tions
such as “ you should investigate this
appraiser; everyone knows she always
hits the number” or “ this appraiser is a
crook” will not result in the opening of a
case against the appraiser. Anonymous
complaints which are not independently
verifiable or which are unable to be veri-fied
by legal counsel will not be opened.
If the identity of the complainant is
known, the case cannot be opened as
anonymous. Under no circumstances will
the name of a complainant, if known to
the staff, be kept confidential. Once the
decision is made to open a case, it will be
treated as any other case in which a
signed complaint has been received.
General Guidelines
for Providing a
Copy of an
Appraisal Report
An appraiser is contacted by a lender
and asked to appraise a property for loan
purposes. The homeowner pays the
appraisal fee directly to the appraiser at
the door on the date of inspection. After
the appraisal is completed, the appraiser
sends it to the lender. The homeowner
then asks the appraiser for a copy of the
report, stating that since the homeowner
paid for the report, he/ she is entitled to a
copy.
4
General Guidelines
Continued from page 3
According to Statement on Appraisal
Standards No. 9 ( SMT9) and the
Definitions section of USPAP, the person
who engages the appraiser’s services is
the client.
The determining factor is NOT who
pays for the appraisal or how it is paid,
but who contacted the appraiser in the
first place and placed the appraisal order.
For a federally- related transaction, feder-al
law requires the lender to be the one to
engage the appraiser’s services. In many,
if not most cases, the homeowner pays for
the appraisal either directly to the apprais-er
or indirectly through the lender, thus
payment for services is not the determin-ing
factor. In the above scenario, it is the
lender who is the client, not the home-owner,
and the appraiser cannot give a
copy of the report to the homeowner with-out
the lender’s consent.
Lenders are required by federal law
( the Equal Credit Opportunity Act) to fur-nish
a copy of the appraisal to the bor-rower
if the borrower requests a copy in
writing. This applies to both consumer
and business loans for which real estate
will be collateral. If the homeowner
wants a copy of the appraisal they can be
told to contact the lender directly or the
appraiser can ask the client for permission
to send a copy.
Investigator - Job Posting
DUTIES:
Assist in processing complaints against licensees, including reviewing com-plaints
and responses, developing investigation plans, gathering information,
data and exhibits, inspecting and measuring properties and testifying at
administrative hearings. Also assist the Executive Director and Deputy
Director by responding to inquiries from licensees and the public and review-ing
sample appraisals from applicants. Assist in the audit of appraisers and
education providers.
QUALIFICATIONS:
Graduation from a four year college; be a North Carolina Certified Real Estate
Appraiser ( General Appraiser preferred) or eligible; minimum five years
experience in real estate appraising; significant review appraisal experience;
or an equivalent combination of education and experience.
OTHER REQUIREMENTS:
Must have a thorough knowledge of real estate appraisal laws, principles and
practices and superior written and verbal communication skills. Must reside
in or be willing to relocate to the Raleigh area. No moving expenses or
allowances will be paid by the Board. Must be able and willing to travel
statewide, including overnight, on a regular basis.
APPLICATION FORMAT:
The Board will accept applications immediately and position is open until
filled. Salary based on experience but not to exceed $ 50,000. Individuals must
apply using forms PD- 107 and PD- 107 A. These forms can be downloaded
from the Office of State Personnel’s website at:
http:// www. osp. state. nc. us/ jobs/ gnrlinfo. htm
EQUAL OPPORTUNITY EMPLOYER
Upgrades to
Appraisal Board
Web Site
The Board has added two features to its
website. Appraisers can view their indi-vidual
licensing information on the
Board’s website including address, status,
renewal date, expiration date, continuing
education hours and if they have joined
the National Registry. The other feature
is a directory search for current licensees.
To view your information go to the
Board’s website at www. ncappraisal-board.
org. Click on “ appraisers only” at
the homepage and then enter your license
number. Your PIN number is the last four
digits of your social security number.
Enter your PIN number, and then click
“ login” to view your information. If you
need to change any of your information
please email the Board at ncab@ ncab. org.
To search the directory, go to the home-page
and click on “ directory”. Enter
either a license number or an appraiser’s
first and last names, then click submit to
view the search results.
Continuing
Education
NEW REQUIRE-MENTS
Beginning July 1, 2003, each trainee,
licensee and certificate holder who is
required to complete continuing educa-tion
must, within the time period from
July 1, 2003 to June 30, 2005, complete
28 hours of Board- approved education
with 7 of the 28 hours being the National
USPAP Update course or its equivalent.
Renewal of your designation will remain
on a yearly basis, but the continuing edu-cation
requirement is on a two- year cycle
with 28 hours required before June 30 of
every odd numbered year. Annual renew-al
notices will continue to be sent each
year. No carryover education credits
beyond the 28- hour requirement will be
allowed.
5 Continued on page 6
Approved Continuing Education Courses
( As of December 5, 2003)
Listed below are the courses approved for appraiser continuing education credit as of date shown above. Course sponsors are listed alphabetically with their approved courses.
Shown parenthetically beside each course title are sets of numbers [ for example: ( 15/ 10)]. The first number indicates the number of actual classroom hours and the second number
indicates the number of approved continuing education credit hours. You must contact the course sponsor at the address or telephone number provided to obtain information regard-ing
course schedules and locations.
ALAMANCE COMMUNITY COLLEGE
P. O. Box 8000
Graham, NC 27253 ( 336) 578- 2002
Appraising Small Residential Income Properties ( 10/ 10)
Intro to Commercial Real Estate ( 4/ 4)
New Exstg Residential Codes Affecting RE Appr ( 10/ 10)
Real Estate Finance ( 4/ 4)
ALLEN TATE SCHOOL OF REAL ESTATE
1400 Battleground Avenue, Suite 150
Greensboro, NC 27408- 8028 ( 336) 274- 9994
National USPAP Update ( 7/ 7)
ALLSTATE HOME INSPECTION TRAINING INSTI-TUTE
Route 1, Box 130
Randolph Center, VT 05061 ( 800) 245- 9932
Environmental Awareness Seminar ( 8/ 8)
FHA Test Preparation ( 8/ 8)
Introduction to Home Inspection ( 8/ 8)
USPAP Refresher ( 8/ 8)
AMERICAN SCHOOL OF REAL ESTATE APPRAIS-ERS
P. O. Box 275
Cherryville, NC 28021 ( 704) 435- 1111
National USPAP Update ( 15/ 15)
AM SOC FARM MANGRS & RURAL APPRAISERS
950 S. Cherry Street, Suite 508
Denver, CO 80222 ( 303) 758- 3513
A- 12 Part 1 ASFMRA Code of Ethics ( 7/ 7)
Eminent Domain A- 25 ( 19/ 19)
Advanced Appraisal Review A- 35 ( 49/ 30)
Advanced Resource Appraisal A- 34 ( 30/ 30)
Appraising Agricultural Land in Transition ( 8/ 8)
Appraising Rural Residential Properties ( 15/ 15)
ASFMRA 74th Annual Convention ( 7.25/ 7.25)
Eminent Domain ( 19/ 19)
Highest & Best Use A- 29 ( 15/ 15)
Mineral Appraisal Symposium ( 14/ 14)
National USPAP Update ( 7/ 7)
Rural Business Valuation ( 16/ 16)
AM SOCIETY OF APPRAISERS
535 Herndon Parkway, Suite 125
Herndon, VA 20170 ( 703) 733- 2123
A Perspective on the Profession, Pro Standards,
Emerging Markets & Market Opportunities ( 3.5/ 3.5)
Eminent Domain Appraisal Problems ( 3.5/ 3.5)
Faulty Appraisals, An Object Lesson ( 3.5/ 3.5)
Appraiser Opportunities and Challenges in the
Secondary Market ( 3.5/ 3.5)
AM SOCIETY OF APPRAISERS NC CHAPTER
125 Kingston Drive # 206
Chapel Hill, NC 27514 ( 919) 929- 9539
National USPAP Update ( 7/ 7)
The Appraisal of Small Subdivisions ( 7/ 7)
Using Marshall & Switf/ Res Prop ( 7/ 7)
APPRAISAL INSTITUTE
550 W. Van Buren Street, Suite 1000
Chicago, IL 60607 ( 312) 335- 4236
320 General Applications ( 39/ 30)
Apartment Appr: Cncpts & ( 14/ 14)
400 National USPAP Update ( 7/ 7)
410 National USPAP ( 15/ 16)
420 Business Practice and Ethic ( 7/ 7)
500 Adv Res Form & Narrative ( 40/ 30)
520 High & Best Use & Mkt Anal ( 40/ 30)
530 Adv Sales Comp & Cost Appr ( 40/ 30)
600 Inc Val of Sm Mixed- Use Prop ( 15/ 15)
610 Cst Val of Sm Mixed- Use Prop ( 15/ 15)
620 Sls Comp Val Sm Mixed- Use ( 15/ 15)
700 Appraisers as Expert Witness ( 15/ 15)
705 Litigation Appr: Spclzd Topics & ( 16/ 16)
710 Condemnation Appr: Basic Prin & ( 15/ 15)
720 Condemnation Appr: Adv Topics & ( 15/ 15)
800 Separating Real & Personal ( 15/ 15)
810 Computer- Enhanced Cash F ( 15/ 15)
Gen Demo Appr Rpt Writing Sem ( 7/ 7)
Intro to Income Capitalization ( 7/ 7)
O/ L 320: General Applications ( 7/ 7)
O/ L Analyzing Distressed RE ( 4/ 4)
O/ L Analyzing Operating Expen ( 7/ 7)
O/ L Appraisal of Nursing Facilities ( 7/ 7)
O/ L Appraising from Blueprints ( 7/ 7)
O/ L Appraising Mfg Housing ( 7/ 7)
O/ L Feasibility, Mkt Value, Investment ( 7/ 7)
O/ L Internet Search Strategies for R ( 7/ 7)
O/ L Intro to GIS Apps for RE App ( 7/ 7)
O/ L Overview of RE Appr Princip ( 7/ 7)
O/ L Res Design & Functional Uti ( 7/ 7)
O/ L Res Property Construction & In ( 7/ 7)
O/ L Sm Hotel/ Motel Val: Lmtd S ( 7/ 7)
O/ L The FHA and the Appr Proce ( 7/ 7)
O/ L Using Your HP12C Financial ( 7/ 7)
O/ L Val of Detrimental Conditions ( 7/ 7)
APPRAISAL INSTITUTE, NC CHAPTER
2306 W. Meadowview Road, Suite 101
Greensboro, NC 27407 ( 336) 297- 9511
400 National USPAP Update ( 7/ 7)
420 Business Practices & Ethics ( 7/ 7)
710 Condemnation Appraising ( 15/ 15)
Analyzing Distressed Real Estate ( 4/ 4)
Effective Appraisal Writing ( 7/ 7)
APPRAISAL INSTITUTE, SC CHAPTER
609 Sims Avenue
Columbia, SC 29205 ( 803) 256- 1985
Land Val Adjustment Procedure ( 7/ 7)
Land Valuation Assignments ( 7/ 7)
APPRAISAL INSTITUTE, REGION V
P. O. Box 801807
Dallas, TX 75380- 1807
Analyzing Distressed Real Estate ( 4/ 4)
APPRAISAL. COM
334 Harris Hill Road
Buffalo, NY 14221 9716) 633- 2428
NOVA for Appraisers ( 7/ 7)
ASHEVILLE- BUNCOMBE TECH CC
340 Victoria Road
Asheville, NC 28801 ( 828) 254- 1921
PDH RE - Basic Surveying ( 5/ 5)
The UDO: Regulating RE Use & Dev ( 4/ 4)
USPAP 2001 ( 15/ 15)
BILL GALLAGHER SCHOOL OF REAL ESTATE
380 Knollwood Street, Suite 420
Winston- Salem, NC 28103 ( 888) 778- 1245
Intro to Residential RE Investment ( 7/ 7)
The Appraiser As An Expert Witness ( 7/ 7)
BOB IPOCK & ASSOCIATES, INC.
1218 Heatherloch
Gastonia, NC 28054 ( 704) 807- 1985
National USPAP Update ( 8/ 8)
BRUNSWICK COMMUNITY COLLEGE
P. O. Box 30
Supply, NC 28462 ( 910) 754- 6900
I’ve Got This House ( 7/ 7)
CARTERET COMMUNITY COLLEGE
3505 Arendell Street
Morehead City, NC 28557 ( 252) 222- 6127
Mold Inspectionas & Remediation ( 4/ 4)
CCIM INSTITUTE
430 N Michigan Avenue, 8th Floor
Chicago, IL 60611- 4092 ( 312) 321- 4473
C1101 Fin Analysis Comm Invest ( 30/ 30)
C1102 Market Analysis Comm In ( 30/ 30)
C1103 User Decision Analysis Comm ( 30/ 30)
C1104 Invest Analysis Comm Inv ( 30/ 30)
Introduction to Com Investment RE An ( 12/ 12)
CLE INTERNATIONAL
1620 Gaylord Street
Denver, CO 80206 ( 303377- 6600
Eminent Domain ( 13/ 13)
DAN MOHR RE SCHOOLS
1400 Battleground Avenue, Suite 150
Greensboro, NC 27408 ( 800) 639- 9813
Depreciation Workshop ( 7/ 7)
Environmental Hazards- Residential Prop ( 7/ 7)
Extraction of Data from Market Res ( 7/ 7)
HP 12C Course ( 7/ 7)
Intro to Residential Construction ( 30/ 30)
Mfg/ Modular Homes & Real Property Appr Review ( 7/ 7)
National USPAP Update ( 7/ 7)
Res Appr & Conventional Underwriting Guide ( 7/ 7)
Residential Construction Seminar ( 7/ 7)
Residential Construction Seminar ( 14/ 14)
Rules & Regs FHA/ HUD Requirements ( 14/ 14)
The Narrative Appraisal Report ( 7/ 7)
Using Streamlined Appraisal Report Forms ( 7/ 7)
DUKE UNIVERSITY
A108B LSRC/ Box 90328
Durham, NC 27708 ( 919) 684- 2135
What’s it Worth - Forest Appraisal ( 36/ 30)
EDGECOMBE CC
225 Tarboro Street
Rocky Mount, NC 27801 ( 252) 613- 8082
Appraising Manufactured, Modular & Mobile ( A) ( 7/ 7)
Appraising Manufactured, Modular & Mobile ( B) ( 7/ 7)
Income Capitalization ( 14/ 14)
Income Capitalization ( A) ( 7/ 7)
Income Capitalization ( B) ( 7/ 7)
Manufactured, Modular & Mobile ( 4/ 4)
Narrative Appraisal Report Writing ( 14/ 14)
Pricing Small Income Properties ( 4/ 4)
Principles & Techniques Val 2- 4 Units Res Prop ( 14/ 14)
Real Estate Finance for Appraisers ( 14/ 14)
Rural Valuation Seminar ( 14/ 14)
Single Family Residential Appraisal ( 14/ 14)
Standards of Professional Practice ( 15/ 15)
USPAP & NC Board Rules & Regs Fo ( 15/ 15)
ELLIOTT & COMPANY APPRAISERS
3316- A Battleground Avenue
Greensboro, NC 27410 ( 336) 854- 3075
Standards and Beyond ( 6/ 6)
EMPLOYEE RELOCATION COUNCIL
1717 Pennsylvania Avenue NW # 800
Washington, DC 20006- 4665 ( 202) 862- 4236
Relocation Appr Training Prog ( 6/ 6)
ENVIROSAFETY GROUP, INC.
3764 Candlers Mountain Road
Lynchburg, VA 24502 ( 434) 846- 4960
Mold Inspection & Remediation ( 4/ 4)
FREDDIE F STELL APPRAISAL SCHOOL
2121 Guess Road
Durham, NC 27705 ( 919) 416- 1117
Measuring Homes & Appraising ( 7/ 7)
HIGNITE TRAINING SERVICE
208 Gloria Street
Greenville, NC 27858 ( 252) 756- 7288
The Review and The Reviewer ( 7/ 7)
National USPAP Update ( 7/ 7)
6
HISTORIC PRESERVATION CONSULTING
22 Pan Will Road
Mineral Bluff, GA 30559 ( 706) 492- 7234
Marketing & Appraising Historic Property ( 14/ 14)
INSTITUTE OF GOVERNMENT
223 Knapp Building, CB# 3330
Chapel Hill, NC 27599- 3330 ( 919) 966- 4372
Appraisal of Land ( 30/ 30)
Fundamentals of Assessment Ratio Studies ( 16/ 16)
Fundamentals of Mass Appraisals ( 30/ 30)
IAAO 101: Fundamentals of Real Prop ( 30/ 30)
IAAO 102: Inc Approach to Valuation ( 30/ 30)
Marshall & Swift - Commercial ( 13/ 13)
Principles & Techniques of Cadestral Mapping ( 30/ 30)
Residential Modeling Concepts ( 30/ 30)
INTERNATIONAL RIGHT OF WAY ASSOCIATION
19750 S. Vermont Avenue, Suite 220
Torrance, CA 90502- 1144 ( 213) 538- 0233
103 Ethics & Right of Way Profession ( 8/ 8)
402 Introduction to Income Approach to Valuation ( 8/ 8)
403 Easement Valuation ( 8/ 8)
801 Land Titles ( 10/ 10)
INTERNATIONAL RIGHT OF WAY ASSOCIATION,
CHAPTER 31
563 Red Maple Drive
Waynesville, NC 28785 ( 828) 734- 3987
Easement Valuation ( 8/ 8)
JOHNSTON CC
P. O. Box 2350
Smithfield, NC 27577 ( 919) 934- 3051
Appraisal 2002 ( 7/ 7)
USPAP 2002 ( 7/ 7)
LENOIR CC
P. O. Box 188
Kinston, NC 28502- 9946 ( 252) 527- 6223
Appraising Manufactured, Modular, & Mobile ( A) ( 7/ 7)
Appraising Manufactured, Modular, & Mobile ( B) ( 7/ 7)
Challenging the Appraisal ( 4/ 4)
Cost Approach Marshall & Swift ( 7/ 7)
Income Capitalization ( A) ( 7/ 7)
Income Capitalization ( B) ( 7/ 7)
Manufactured, Modular & Mobile ( 4/ 4)
Maximizing Value ( 4/ 4)
National USPAP Update ( 7/ 7)
NC Rules & Regulation Update 97/ 7)
Pricing Complex Properties ( 4/ 4)
Pricing Small Income Properties ( 4/ 4)
Principles/ Techniques Val 2- 4 Unit Residential ( 14/ 14)
USPAP & NC Rules & Regulations for App ( 15/ 15)
M CURTIS WEST
P. O. Box 947
Zebulon, NC 27597 ( 919) 217- 8040
USPAP 2002/ 2003 ( 7/ 7)
MCKISSOCK DATA SYSTEMS
P. O. Box 1673
Warren, PA 26365 ( 814) 723- 6979
Appraiser Liability ( 7/ 7)
Appraising the Oddball ( 7/ 7)
Does My Report Comply with USPAP? ( 7/ 7)
Legal Issues for Appraisers ( 7/ 7)
National USPAP ( 15/ 15)
National USPAP Update ( 7/ 7)
O/ L Appraiser Liability ( 7/ 7)
O/ L Construction Details & Trends ( 7/ 7)
O/ L Factory- Built Housing ( 7/ 7)
RE Damages: Assessment & Testi ( 7/ 7)
Real Estate Fraud & Appraiser’s Role ( 7/ 7)
Residential Construction ( 7/ 7)
The Appraiser as Expert Witness ( 7/ 7)
Vacant Land Appraisal ( 7/ 7)
Approved Continuing Education Courses
Continued from page 5
MEL BLACK
P. O. Box 705
Cherryville, NC 28021 ( 704) 460- 3551
Trainees & Supervisors ( 7/ 7)
Board Rules and Laws ( 7/ 7)
MINGLE SCHOOL OF REAL ESTATE
P. O. Box 35511
Charlotte, NC 28235 ( 704) 372- 2984
Is This A Commercial Appraisal? ( 4/ 4)
NC RE Appr Act & Appraisal Board Rules ( 4/ 4)
Role of the Supervisory Appraiser ( 4/ 4)
NAIFA
7501 Murdoch Avenue
St. Louis, MO 63119 ( 314) 781- 6688
1031 Like Kind Exchange ( 4/ 4)
11.8 Calculating Gross Living Area Using ( 7/ 7)
2.0 Financial Analysis Inc Property ( 15/ 15)
4.0 Marshall & Swift Valuation Guides ( 15/ 15)
4.1 Marshall & Swift Residential Cost M ( 8/ 8)
5.0A Standards Review ( 8/ 8)
Appraisal of Foreclosure ( 4/ 4)
Analyzing & Handling Litigation ( 4/ 4)
Blue Print Reading Seminar ( 4/ 4)
Bridging the Gap Between Lend & ( 4/ 4)
Calc Gross Living Area Using ANSI ( 4/ 4)
Commercial Report Writing ( 15/ 15)
Environmental Concerns Seminar ( 4/ 4)
Ethics ( 4/ 4)
Historic Appraising ( 8/ 8)
Fannie Mae Update ( 4/ 4)
Fannie Mae Updated Prop & A ( 8/ 8)
HUD Review Update ( 4/ 4)
Internet & Appraisal Practice Seminar ( 4/ 4)
Intro to Automated Valuation Model Tech Seminar ( 4/ 4)
Lead- Based Paint & Mold: H ( 4/ 4)
Practical Office for Pro Ap ( 4/ 4)
Preparing Your Listing for FHA ( 4/ 4)
Relocation Seminar ( 4/ 4)
Scope of Work ( 8/ 8)
Valuing Undivided Interest ( 4/ 4)
NAMA/ LINCOLN GRADUATE CENTER
P. O. Box 12528
San Antonio, TX 78212 ( 800) 531- 5333
Appr Liability- Knowledge to Mnmz ( 8/ 8)
Appraiser Liability ( 15/ 15)
Environmental Site Assessment ( 15/ 15)
HUD Appraisal Standards Update ( 7/ 7)
Manufactured Housing Appraisal ( 15/ 15)
Principles of Property Inspection ( 20/ 20)
Principles of Appraisal Review ( 15/ 15)
Real Estate Environmental Screening ( 7/ 7)
Residential Cost Approach- Marshall & Swift ( 15/ 15)
Residential Environmental Screening ( 7/ 7)
Residential Appraisal Review ( 7/ 7)
USPAP Update ( 7/ 7)
NC RE EDUCATION FOUNDATION ( NCAR)
4511 Weybridge Lane
Greensboro, NC 27407 ( 800) 443- 9956
Appraising a Single- Unit Condo ( 7/ 7)
Fundamentals of HP- 12C in Appraisal Work ( 7/ 7)
Income Capitalization for Small Com Props ( 7/ 7)
Land Use Regs Effect on Market Value ( 7/ 7)
Legal Issues in Real Estate ( 7/ 7)
Residential Construction ( 7/ 7)
Residential Real Estate as an Investment ( 7/ 7)
Tax Planning for the Real Estate Agent ( 7/ 7)
USPAP ( 7/ 7)
NCDOT
1605 Westbrook Plaza Drive, Suite 301
Winston- Salem, NC 27103 ( 336) 760- 1925
Appr Board Speaks to You/ Ct Rm Eti ( 7/ 7)
Appraisal of Residue & Special Use Properties ( 7/ 7)
National USPAP Update ( 7/ 7)
NC Rules & Regulations - USPAP Update/ Avd Ltg ( 7/ 7)
Revisiting the Cost Approach & Recurring Errors ( 7/ 7)
Sales Comp Grid/ Appr of Trans ( 7/ 7)
NCSU FORESTRY ED OUTREACH PROGRAM
Campus Box 8003
Raleigh, NC 27695 ( 919) 515- 3184
Accurate Forest Inventory ( 16/ 16)
Applied Intermediate GIS - Foresters ( 15/ 15)
Dlntn of Pdmnt & Cstl Pln Jrsd ( 30/ 30)
Introduction to Applied GIS - Foresters ( 15/ 15)
Introduction to Applied GPS - Foresters ( 13/ 13)
NCSU SOIL SCIENCE DEPT
Campus Box 7619
Raleigh, NC 27695 ( 919) 513- 1678
Basics of On- Site Sewage ( 7/ 7)
Getting the Dirt on Soils ( 7/ 7)
On- Site System Tech Refresh ( 7/ 7)
Septic System Options for Diff ( 14/ 14)
Wastewater in the Environment ( 7/ 7)
Wells & Septic Systems ( 4/ 4)
REALETECH. COM
2321 Robert Hoke Road
Wilmington, NC 28412 ( 910) 352- 9693
National USPAP Update ( 7/ 7)
STACEY P. ANFINDSEN
1145- E Executive Circle
Cary, NC 27511 ( 919) 460- 7993
Appraisal Process and Val of Residential Prop ( 4/ 4)
SURRY CC
P. O. Box 304
Dobson, NC 27017 ( 910) 386- 8121
Home Inspections & Common De ( 4/ 4)
Is the Comparable Comparable ( 8/ 8)
Mobile Mfg Homes & Types of M ( 4/ 4)
Reviewing a Residential Appraisal ( 8/ 8)
Testing Highest & Best Use ( 8/ 8)
TH HUNTER & ASSOCIATES, INC.
1908 Sterling Road
Charlotte, NC 28209 ( 704) 372- 5855
Appraiser as an Expert Witness ( 7/ 7)
Intro to Res RE Investment ( 7/ 7)
Land, Res & Com Investment ( 7/ 7)
Understanding Appraiser Liability ( 7/ 7)
TRIANGLE APPRAISAL & REAL ESTATE SCHOOL
4024 Barrett Drive # 204
Raleigh, NC 27609 ( 919) 782- 2084
Manufactured Home Construction ( 7/ 7)
National USPAP Update ( 7/ 7)
North Carolina Rules ( 7/ 7)
WENDELL HAHN & ASSOCIATES
P. O. Box 245
Columbia, SC 29250 ( 803) 779- 4721
FHA Guidelines 2001( 7/ 7)
New for 2002 ( 7/ 7)
Nuts & Bolts ( 7/ 7)
The Modern Appraisal Office - Part I ( 7/ 7)
The Modern Appraisal Office - Part II ( 7/ 7)
USPAP 2001 ( 14/ 14)
WESTERN PIEDMOND COMMUNITY COLLEGE
1001 Burkemont Avenue
Morganton, NC 28655 ( 828) 438- 6104
Appraising Manufactured, Modular & Mobile ( 14/ 14)
Income Capitalization ( A) ( 7/ 7)
Income Capitalization ( B) ( 7/ 7)
Maximizing Value ( 4/ 4)
Manufactured, Modular & Mobile ( 4/ 4)
National USPAP Update Course ( 7/ 7)
Pricing Complex Properties ( 4/ 4)
USPAP & NC Rules and Regulations for App ( 15/ 15)
WILLIAM H. SHARP & ASSOCIATES
1459 Pineview Circle
Douglasville, GA 30134 ( 678) 838- 2949
Housework Homework Check List ( 14/ 14)
7
Continued on page 8
DISCIPLINARY ACTIONS
Albert Yount
By consent, the Board issued a reprimand
to Mr. Albert Yount. The Board also
ordered Mr. Yount to take and satisfactori-ly
complete the 15- hour National USPAP
course and 7 hours of coursework in prop-erty
inspection prior to May 1, 2004. If he
fails to take the coursework as provided,
the matter will be reopened and a hearing
scheduled before the Board. The Board
found that Mr. Yount appraised a home in
Hickory, NC on July 27, 2000, finding an
appraised value of $ 129,000. The prop-erty
owners sought to refinance the loan in
2003 and the property was re- appraised,
the appraiser issued a report placing a
value of $ 110,500 during 2003. During
the investigation, it was learned that Mr.
Yount had mismeasured the property. He
reported that the unit had 2,165 square
feet compared to the actual measurement
of 1,589 square feet. He also described
the unit as having two elevators, a foyer,
hardwood floors, and a disposal when
none of the amenities are present in the
subject property. The primary reason for
the difference in value reported by the
Respondent and by the other appraiser
was the result of the inaccurate square
footage reported by the Respondent.
Gerald Wright
By consent, the Board issued a reprimand
to Mr. Wright. The Board also ordered Mr.
Wright to take and satisfactorily complete
7 hours of coursework in home and prop-erty
inspections and 7 hours of coursework
dealing with appraiser liability prior to May
1, 2004. If Mr. Wright does not take and
satisfactorily complete the courses within
the agreed upon time frame, the matter
will be reopened and a hearing will be
scheduled before the Board. Mr. Wright
appraised the subject property on two
occasions and for two different clients. His
first appraisal had an effective date of
October 23, 2002. His second appraisal
was issued with an effective date of
January 23, 2003. An individual who
reviewed Mr. Wright’s second appraisal
notified him that the square footage was
incorrect. Mr. Wright examined his
appraisal and work file and realized that
he had made an error in entering the mea-suring
data into his computer. He correct-ed
the appraisal and resubmitted it.
Realizing that his initial appraisal had the
same error, Mr. Wright advised the client of
the error made in his initial appraisal. Mr.
Wright’s second appraisal effective
January 23, 2002 indicated that there had
been no prior sales within the prior 36
months. In fact, there was a transfer of
ownership of the property on January 22,
2003 that was omitted from Mr. Wright’s
appraisal. Because he knew that owner-ship
of the property was being transferred,
he delayed issuing his second appraisal.
When he received a copy of the deed on
February 5, 2003, he then issued the
appraisal that still indicated there had
been no sale of the property within the
prior 3 years. Mr. White submitted revi-sions
to both clients that corrected the
identified errors.
William J. Carren
By consent, the Board suspended Mr.
Carren’s residential appraiser certificate
A4389 for a period of thirty ( 30) days
commencing on the date which Mr.
Carren’s certification may be reinstated by
the Board, as it is currently expired. Mr.
Carren agreed not to hold himself out or
act as a real estate appraiser during the
time of the suspension. Mr. Carren primar-ily
performs appraisals in the Raleigh,
Durham and Chapel Hill area. The viola-tion
occurred during 2000 when Mr.
Carren engaged another appraiser to per-form
an appraisal of residential property in
Wilmington, NC. The appraisal per-formed
by the other individual was not
performed in a manner consistent with the
Uniform Standards of Professional
Appraisal Practice and the report con-tained
errors and inaccuracies which
made it misleading. The report was pre-pared
by the other appraiser. Although the
other appraiser was certified and did not
require immediate supervision, Mr.
Carren’s signature and seal were affixed to
the report causing his client and foresee-able
users of the report to believe that he
had reviewed the report in a supervisory
capacity.
Robert M. Kenley
By consent, the Board suspended Mr.
Kenley’s license number A1667 for a peri-od
of one year with the suspension to
begin on September 1, 2003. It was
agreed that the first month of the suspen-sion
would be active and the remainder
would be stayed until March 1, 2004 if Mr.
Kenley completes a 15- hour USPAP course
and a course in the role of a supervisor by
that date, then the remainder of the sus-pension
shall be inactive. This problem
arose when a trainee working under Mr.
Kenley’s supervision completed an
appraisal report and placed it on Mr.
Kenley’s desk for his review as was the
usual practice. The trainee did not sign the
report nor was there any mention in the
appraisal report that the trainee provided
significant professional assistance. That
was also a common practice in that office.
Although a signature on the report
appears to be that of Mr. Kenley, he denies
having signed the report and it appears
that someone else in his office affixed his
name to the report. The violations primar-ily
involved a failure to properly supervise
the trainee and to act appropriately as a
supervising appraiser.
Catherine Plummer
By consent, the Board suspended Ms.
Plummer’s registration number T1203 for
a period of 6 months. It was further
agreed that the suspension would be
stayed until March 1, 2004 and that the
suspension would be inactive if Ms.
Plummer completes a 15- hour USPAP
course and a course in appraiser liability
by that date. After completing an
appraisal report for a property in Lincoln
County in May 2002, Ms. Plummer placed
the unsigned report on her supervisor’s
desk for review and signature, as was the
established practice in that office. Ms.
Plummer did not sign the report and there
was no mention in the report that she had
provided any significant professional assis-tance.
That was also a common practice
in that office. Someone in the office
affixed the name of the supervisor to the
report and sent the report to the client.
Donald Welsh
By consent, the Board suspended Mr.
Welsh’s certificate, number A2661 for a
period of sixty ( 60) days to begin on
December 1, 2004. The suspension shall
be stayed if Mr. Welsh completes education
courses from a provided list totaling at
least 15 hours prior to December 1, 2004.
Mr. Welsh accepted an appraisal assign-ment
to appraise four ( 4) undeveloped
parcels of real property located in the City
of Charlotte, NC which was under threat of
condemnation at the time. Portions of the
parcels were traversed by a stream and
three of the four parcels were located in
areas denoted by the local zoning ordi-nance
as floodway or floodway fringe.
Under the ordinance, development of land
in such areas is severely restricted and
requires a special permit. None of the
parcels had immediate access to a paved
public street. All of the parcels were zoned
for residential use only. In his appraisal
report, Mr. Welsh failed to fully describe
the physical and regulatory impediments
to development of the subject parcels.
Respondent also failed to fully describe the
assumptions upon which his opinion of
NORTH CAROLINA
APPRAISAL BOARD
P. O. Box 20500
Raleigh, NC 27619- 0500
4,400 copies of this document were printed at a cost of $ 0.4225 per copy.
PRSRT STD
U. S. Postage
PAID
Permit No. 1978
RALEIGH, NC
Disciplinary Actions
Continued from page 7
value was based or to make appropriate
adjustments.
William Hogue and Geoffrey Smith
By consent, the Board reprimanded Mr.
Hogue and Mr. Smith. In addition, the
parties agreed that a 30- day suspension
would be imposed unless Mr. Hogue and
Mr. Smith successfully completed the 15-
hour National USPAP course by October 1,
2003. Mr. Smith filed an application to
obtain certification by reciprocity from
South Carolina. Mr. Smith was living in
North Carolina at the time that his appli-cation
was filed and did not meet the
requirements for reciprocity. He assisted
on 64 appraisal reports for Mr. Hogue’s
appraisal company after he moved to
North Carolina when he was not licensed
to do so. It was indicated on the reports
that Mr. Smith contributed significant pro-fessional
assistance in the preparation of
the reports and indicated that he was not
licensed in North Carolina. Both Smith
and Hogue thought that Mr. Smith could
perform the duties of a trainee until such
time as his application for certification was
granted.
John L. Boggess
By consent, the Board reprimanded Mr.
Boggess and required him to satisfactorily
complete the 15- hour National USPAP and
a course in inspection or measurement of
properties by April 1, 2003. If he fails to
take the course as agreed, a one- month
active suspension will be effective as of that
date. Mr. Boggess appraised a modular
home. He mismeasured the property and
reported a gross living area of 2,128 sq.
ft., an excess of 297 feet. Mr. Boggess
selected his comparable sales and made
adjustments for the respective gross living
areas of each based upon his inaccurate
measurement for the subject property. All
errors in the report were related to his
error in measuring and reporting the gross
living area of the property.
J. Scott Lindsley
By consent the Board accepted Mr.
Lindsley’s voluntary surrender of his
license and his agreement not to apply for
a license for a period of at least one year.
Two outstanding complaints against Mr.
Lindsley were dismissed with no determi-nation
of wrongdoing.